Project Overview
Financial and production records give producers insights into better decision-making. Accurate and timely farm record-keeping tools are useful for the farmer to plan and develop realistic budget forecasting. The main purpose of the FarmPro PA project was to teach farmers how the balance sheet, cash flow statement, income statement, and financial ratios provide the information needed to pursue effective risk management strategies that enhance farm profitability. To accomplish this purpose, the FarmPro PA Excel Spreadsheet tool was created. This tool is a comprehensive Excel spreadsheet package that farmers can use to create their balance sheet, cash flow, and income statements and automatically calculate commonly used financial ratios. The tool was presented to farmers via two series of four webinars that provided an overview of each financial statement with a subsequent interactive demonstration of how to use the spreadsheet to develop the statements and how to interpret the results. The two series of four webinars attracted 316 registrants, with all registrants receiving access to the webinars, webinar recordings, and two versions of the FarmPro PA tool.
Number of Participants: 316
PROMOTIONAL MATERIALS
There are no promotional materials available for this project.
EDUCATIONAL MATERIALS
There are no educational materials available for this project.
REPORTS & EVALUATIONS
There are no reports or evaluations available for this project.